Kia, Hyundai insurance cost lawsuit investigation

Kia and Hyundai drivers: Who’s affected?

Are your insurance payments for your Kia or Hyundai vehicle excessively high? If your car wasn’t the subject of a theft or attempted theft, you won’t be reimbursed in a pending settlement for any increased insurance premiums due to the theft risk for your vulnerable vehicle. You may want to opt out now.

A current class action settlement will NOT reimburse you for the increased insurance premiums you may pay on your owned or leased Kia or Hyundai vehicle due to the increased risk of theft. You may want to opt out and instead join a mass action investigation that will seek the reimbursement you deserve.

Thanks to social media, thieves mastered the simple technique of stealing Kia and Hyundai vehicles in seconds that do not have an engine immobilizer. Even if your car wasn’t stolen, insurance companies may consider your vehicle a high risk, especially considering drivers reported 11.2 per 1,000 insured Kia and Hyundai vehicles stolen in the first half of 2023, according to CNN.

A pending class action settlement provides you with anti-theft options to lessen the risk but does not include compensation for increased insurance costs you may have incurred even though your vehicle was not the subject of a theft or attempted theft,. A new lawsuit will seek additional compensation for those costs.

How to opt out

To join a new lawsuit that seeks full compensation for the additional insurance costs you may pay on your Kia or Hyundai vehicle even though it was not the subject of a theft or attempted theft, you must first opt out of the pending settlement by May 3, 2024. If you have an eligible vehicle,you should have received notice of the settlement. You can learn more about the class action settlement by visiting www.kiatheftsettlement.com or www.hyundaitheftsettlement.com.

To join a mass action investigation that would seek compensation for high insurance rates even though your car was never stolen or broken into, please follow the instructions on this page.

Which cars are included

The vehicles subject to the settlement have key-activated ingnition systems. They are:

Hyundai

2011-2022 Accent
2011-2022 Elantra
2013-2020 Elantra GT
2013-2014 Elantra Coupe
2011-2012 Elantra Touring
2011-2014 Genesis Coupe
2018-2022 Kona
2020-2021 Palisade
2011-2022 Santa Fe
2019 Santa Fe XL
2011-2019 Sonata
2011-2022 Tucson
2012-2017, 2019-2021 Veloster
2020-2021 Venue
2011-2012 Veracruz

Kia

2011-2021 Forte
2021-2022 K5
2011-2020 Optima
2011-2021 Rio
2011-2021 Sedona
2021-2022 Seltos
2011-2022 Soul
2011-2022 Sorento
2011-2022 Sportage

Recalls and reliability

Generally, Hyundai and Kia vehicles have lower price points than other comparable vehicles. While they are separate companies, Hyundai owns about a third of Kia, and they share many of the same parts from outside suppliers.

In 2023, the two companies recalled more than 3.3 million vehicles from the 2010-2017 model years because they might catch fire, according to Consumer Reports. Prior to that, the companies issued recalls for some models that had a possible transmission defect.

Yet, surveys from J.D. Power show an increase in the manufacturers’ reliability rating, with Kia near the top of the list, according to Capital One Auto Navigator, which attributes the climb to the automakers’ willingness and ability to make “quick design changes as problems arise.”

That’s likely of little comfort for those whose vehicles can be easily stolen and whose insurance costs increased due to increased theft and attempted theft rates added unexpected costs to a purchase made to save money.

Join a Kia and Hyundai insurance cost lawsuit investigation

If your insurer charged you higher premiums because your Hyundai or Kia vehicle can be easily stolen, even though your vehicle was not the subject of a theft or attempted theft, you may qualify to participate in a Kia and Hyundai insurance cost lawsuit.

Please fill out the form  on this page to see if you qualify for a FREE case evaluation.